Clearwave Capital LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,291 shares of the company’s stock, valued at approximately $671,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in CGMS. Blueprint Investment Partners LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the third quarter valued at approximately $707,000. D.A. Davidson & CO. raised its position in Capital Group U.S. Multi-Sector Income ETF by 9.1% during the fourth quarter. D.A. Davidson & CO. now owns 225,710 shares of the company’s stock valued at $6,234,000 after purchasing an additional 18,758 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 43.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 176,954 shares of the company’s stock worth $4,887,000 after purchasing an additional 53,998 shares during the last quarter. Bouvel Investment Partners LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 9.5% during the fourth quarter. Bouvel Investment Partners LLC now owns 231,976 shares of the company’s stock worth $6,407,000 after purchasing an additional 20,104 shares during the last quarter. Finally, Capital Advantage Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 6.4% during the fourth quarter. Capital Advantage Inc. now owns 2,308,168 shares of the company’s stock worth $63,752,000 after purchasing an additional 138,954 shares during the last quarter.
Capital Group U.S. Multi-Sector Income ETF Stock Performance
Shares of CGMS stock opened at $27.47 on Friday. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $27.01 and a fifty-two week high of $28.08. The stock’s fifty day moving average price is $27.51 and its two-hundred day moving average price is $27.57. The company has a market cap of $4.69 billion, a PE ratio of 10.71 and a beta of 0.29.
Capital Group U.S. Multi-Sector Income ETF Company Profile
The Capital Group U.S. Multi-Sector Income ETF (CGMS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income from an actively managed fund of US corporate debts with varying maturities and credit quality. CGMS was launched on Oct 25, 2022 and is managed by Capital Group.
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